COMPAS Poll/Survey

The first part of a two part series on CEO/business leaders’ assessments of the Greek Disease focuses on China and the U.S., giving some attention too to Canada and Greece. The second part, to be released next week, focuses in detail on Greece.

Since a year ago, the COMPAS panel of CEOs and business leaders has raised sharply its assessment of risks that China, the United States, and the United Kingdom will each face an economic crisis within the year. Panelists have even raised somewhat the probability of an economic crisis for Canada though Canada stands out from the group for having a very low probability of a crisis.

In their assessments of the causes of a potential economic crisis in the United States, panelists single out one overwhelming consideration—uncontrolled spending and borrowing. Their assessment of the causes of a potential crisis in China involves several factors—notably government corruption, fraud in corporate accounting, and a sectoral bubble waiting to burst.

These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine.

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